* Considers neoclassical models in light of results that can gowrong with them to bring about better models.
* Questions the assumption that markets clear quickly.
* Offers a timely examination of the LTCM collapse.
* Written by a group of well-respected and highly qualifiedauthors.
James R. Thompson
Finance & Investments Finance & Investments Special Topics Financial Engineering Finanz- u. Anlagewesen Finanz- u. Wirtschaftsstatistik Finanzmarkt Finanztechnik Spezialthemen Finanz- u. Anlagewesen Statistics Statistics for Finance, Business & Economics Statistik
"This volume provides a new, antiefficient markets approachto investment theory and management...a valuablereference..." (Zentralblatt Math, Vol.1050, 2005)
"...very readable and highly educational...a good choice foryour next investment..." (Technometrics, Vol. 45, No. 3,August 2003)
"...examines investment strategies based on risk-neutralprobabilities and offers an anti-efficient markets approach toinvestment theory and management." (AAII Journal, August2003)
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